00 GMT when France 40 traded near 4,380.00.

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France 40 Client Positioning

Number of traders net-short has decreased by 15.40% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


France 40

BEARISH

51.12%

48.88%

42.12%
Daily

25.12%
Weekly

-23.31%
Daily

-15.40%
Weekly

0.29%
Daily

1.39%
Weekly

France 40: Retail trader data shows 51.12% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Apr 06 when France 40 traded near 4,380.00, price has moved 0.09% lower since then. The number of traders net-long is 42.12% higher than yesterday and 25.12% higher from last week, while the number of traders net-short is 23.31% lower than yesterday and 15.40% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests France 40 prices may continue to fall.

Our data shows traders are now net-long France 40 for the first time since Apr 06, 2020 10:00 GMT when France 40 traded near 4,380.00. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.





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